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Cryptocurrencies Price Prediction: Tokens, Bitcoin & Stablecoins – American Wrap 06 October

Cryptocurrencies Price Prediction: Tokens, Bitcoin & Stablecoins – American Wrap 06 October
FXStreet TeamFXStreet TeamFXStreet

Tokenized US treasuries arrive on coinbase’s base with backed’s RWA token issuance

Switzerland-based tokenization firm Backed Finance has expanded its tokenized short-term U.S. Treasury offering to crypto exchange Coinbase’s Base blockchain, the firm said Friday in a press release.
 
Bitcoin price had a rather negative initial reaction to the release of the US Nonfarm Payrolls for the month of September. Beating by wide margin market expectations, the jobs report highlighted the addition of about 336,000 jobs against the forecast of 170,000 jobs.
BTC/USD 1-hour chart
As Hong Kong progresses with the adoption of cryptocurrency trading for individual investors, a local official stressed that retail stablecoin trading is not yet allowed.
 
 

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Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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Ripple recovery gains momentum amid strong technical indicators

Ripple recovery gains momentum amid strong technical indicators

Ripple (XRP) remains in bullish hands, as price action extends above $1.16 at the time of writing on Thursday. Since Monday, the cross-border remittance token has surged by more than 20%, reflecting a steady growth in risk-on sentiment.

Crypto Today: Bitcoin, Ethereum, XRP extend gains as ETFs inflows and improved sentiment boost outlook

Crypto Today: Bitcoin, Ethereum, XRP extend gains as ETFs inflows and improved sentiment boost outlook

Cryptocurrency prices are extending gains on Thursday, led by Bitcoin’s (BTC) climb above $70,000. Ethereum (ETH) remains bullish, trading above $2,200, while Ripple (XRP) has recovered above $1.15 as bulls tighten their grip.

Meme Coins Price Prediction: Dogecoin, Shiba Inu, Pepe regain bullish momentum

Meme Coins Price Prediction: Dogecoin, Shiba Inu, Pepe regain bullish momentum

Meme coins, including Dogecoin, Shiba Inu, and Pepe are trading in the green on Thursday, extending their previous day’s gains linked to US Treasury bond buybacks. The technical outlook for DOGE, SHIB and PEPE points to a bullish path forward as momentum shifts to the upside.

Bitcoin extends gains above $71,000 as liquidity conditions improve

Bitcoin extends gains above $71,000 as liquidity conditions improve

Bitcoin (BTC) extends its gains, inching toward $72,000 at the time of writing on Thursday, as crypto markets continue to cheer the US Treasury’s decision to double its debt buyback operations.

Bitcoin: Hormuz uncertainty clouds BTC outlook

Bitcoin: Hormuz uncertainty clouds BTC outlook

Bitcoin (BTC) trades around $62,900 at the time of writing on Friday, down over 3% so far this week amid cautious institutional demand and persistent geopolitical uncertainty. While BTC shows signs of stabilization, elevated Oil prices and tensions in the Strait of Hormuz continue to weigh on risk sentiment, keeping the Crypto King’s near-term outlook under pressure.